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The Copenhagen Stock Exchange (CSE) has launched its alternative market place for small and medium-sized companies that could be candidates for public offerings without satisfying all requirements needed for larger companies.

Questions persist over landmark securitization reforms in the US. By Ben Maiden

Paul Hastings hired Dan Goldman as a partner to its litigation practice in New York. Goldman, who was previously with Kasowitz Benson, has a practice that focuses on commercial litigation. He has tried cases on behalf of companies in New York, Texas, California, Washington DC and Delaware.

Nick Collier, ICMA The International Capital Market Association (ICMA) appointed Nick Collier as head of its regulatory policy team. His primary responsibility will be to develop the team's response to increased regulatory challenges, such as the Markets in Financial Instruments Directive. Collier was previously director of international compliance, risk, regulatory and government affairs at Instinet Europe.

Canadian firms Osler Hoskin & Harcourt and Fasken Martineau were lead advisers on German engineering company ThyssenKrupp's announced acquisition of Dofasco. The deal values Dofasco, which is the largest steel producer in Canada, at C$4.8 billion ($4.1 billion). Walter Palmer of Fasken's Toronto office acted for Dofasco. Mark Trachuk and Clay Horner of Osler Hoskin advised ThyssenKrupp.

The buyout business is stronger than ever, with private equity firms globally raising over $20 billion more in the first nine months of last year compared with 2004. The cost of borrowing is low. Corporates are performing well and many private equity funds are making good returns on previous investments.

China has made a good start to creating a legal framework for securitization but some fundamental structural issues must be resolved. By Jian Wang

Korea's adoption of securities-related class action lawsuits has been met with expectation from proponents and critics alike. But, as Sheron Korpus explains, Korean companies might have won the initial battle, as plaintiffs face considerable obstacles to filing suit

On September 29 2005, the Serbian parliament adopted the new law on voluntary pension funds. The law is the legal basis for the establishment and operation of voluntary pension funds and their management companies, which are being introduced in Serbia for the first time. The law also governs so-called retirement savings plans, defined as contracts for the benefit of pension fund participants, entered into between employers or their associations on the one hand, and management companies on the other. To allow enough time for the existing pension funds to bring their operations in line with the new law, and to allow regulators to adopt the necessary implementing bylaws, the new law is scheduled to enter force on April 1 2006.

A specialized regime governing hedge funds or professional investor funds (PIFs) was introduced in Malta in 2000. In 2005 the number of licence applications received by the Malta Financial Services Authority (MFSA) was more than double the number of licences it had issued in the previous four years.